Swamped with your writing assignments? Take the weight off your shoulder!
Review chapters 1-4 prior to participating in this discussion. Then read the following hypothetical situation and answer the questions in the forum.
Keith Martin is the controller for Daniels Printing Service. Keith has been putting in a lot of overtime; therefore, Mr. Daniels has allowed Keith to hire an assistant. Keithâ€™s assistant is a bright, high school graduate, but he has never taken an accounting class. Keith is trying to decide which accounting activities he should delegate to his assistant. Keith is willing to give the assistant a few simple instructions on how to complete each task, but he doesnâ€™t have time to teach the assistant to be an accountant.
For each task listed, state whether Keith should continue to do the work himself or delegate the task to his assistant. Explain each answer.
List the account balances from the general ledger in the Trial Balance columns of the end-of-period spreadsheet.
Add the Debit and Credit columns of the trial balance.
Make the adjusting entries on the spreadsheet.
Complete the spreadsheet.
Type the formal financial statements using the data from the Income Statement and Balance Sheet columns of the spreadsheet.
Journalize and post the adjusting entries.
Review the scenario. Post your response in a well thought out manner. Your response should demonstrate thoughtful consideration of the ideas and concepts that are presented in the discussion and provide new insights directly related to the topic. Your response should reflect scholarly writing and follow current APA standards.
Your initial post should be 75-100 words. Your subsequent contribution should be 50â€“75 words. Make sure to revisit the discussion forum and respond to what other classmates have posted to your initial post. Simply posting an “I agree,” “Good ideas,” or “Great job” will not be considered adequate.